... and as for gold, using NCM as a guide, it's bounce at the trend line was short lived, and it's now looking quite uncomfortable sitting where it is ... right at the cross hairs.
The gold price has formed a rather wonky heads and shoulders pattern.
... meaning a short term dip back towards it's long term trend line is now possible.
If NCM breaks the trend line, the next level of support looks to be around $32.
An awful lot of little goldies on my Gold Watch List were taking a 5% hit yesterday. I expect the same today.
